Cover -- Risk Management Post Financial Crisis: A Period of Monetary Easing -- Copyright page -- Contents -- List of Contributors -- Part I: A Perspective on the Financial Crisis and Global Risk Management -- Introduction to Risk Management Post Financial Crisis: A Period of Monetary Easing -- Part I: A Perspective on the Financial Crisis and Global Risk Management -- Part II: Risk and Integration in a Post-Crisis Setting -- Part III: Monetary Policy and Credit in a Post-Crisis Setting -- Part IV: Country Studies on Monetary Policy, Credit and Financial Intermediaries -- Part V: Country Studies on Markets and Risk -- Notes -- References -- Complexity Analysis and Risk Management in Finance -- Introduction -- Complexity in Finance -- Complex Financial Instruments -- Complex Financial Processes -- Complex Financial Systems -- Complexity and Risk -- Managing Complex Financial Instruments -- Managing Complex Financial Processes -- Managing Complex Financial Systems -- Network Topology -- Endogenous Risk -- Conclusions -- Notes -- References -- The Effects of Macroeconomic News Announcements during the Global Financial Crisis -- Introduction -- Data -- Bond Data -- Announcement Data -- Methodology -- Empirical Results -- Conclusions -- Notes -- Acknowledgment -- References -- Part II: Risk and Integration in a Post-Crisis Setting -- The Pro-Cyclical Impact of Basel III Regulatory Capital on Bank Capital Risk -- Introduction -- The Model -- The Effect of the Accounting Gains or Losses on the Leverage Ratio -- The Effect of the Accounting Gains or Losses on the Tier 1 Capital Ratio -- The Pro-Cyclicality and Interest Rate Sensitivity of Basel III Regulatory Capital Ratios -- The Pro-Cyclicality of the Leverage Ratio and the Tier 1 Capital Ratio -- Sources of the Pro-Cyclicality -- Interest Rate Sensitivity.

Implications for Bank Capital Risk Management -- Pro-Cyclicality of Basel III Regulatory Capital Ratios and Bank Capital Risk -- Interest Rate Sensitivity of Basel III Regulatory Capital Ratios and Bank Capital Risk -- Conclusions -- Notes -- Acknowledgment -- References -- Nonparametric Expectile Regression for Conditional Autoregressive Expected Shortfall Estimation -- Introduction -- Proposed ES Estimation Procedure -- Empirical Properties of the Proposed Procedure -- Simulated Data -- Real Market Data -- Conclusion -- Notes -- References -- The Impact of External Shocks on Stock Prices in the East Asian Domestic Banking Sector -- Introduction -- Banking Sector Reforms and Bank Balance Sheets -- Banking Sector Reforms after 1997 -- Foreign Assets and Liabilities of the Banking Sector -- An Overview of Domestic Bank Stock Prices and Stock Market Indices -- Regression Analysis -- Data and Terms -- Methodology -- Regression Results -- Results in the 2000s before the GFC -- Results in the 1990s before the Asian Crisis -- Results in the 2000s during the GFC -- Conclusion -- Notes -- Acknowledgments -- References -- Measuring Financial Integration: Evidence from Ten Industries in a "US-Emerging World" -- Introduction -- Data Description and Summary Statistics -- Industry Equity Indices -- Regional Industry Portfolios and Excess Returns -- On the Financial Integration Measures -- Correlation-Based versus PCA-Based Measures: A Review -- PCA: The "Multi-Factor R-Square" and the "1st Component" -- The "Multi-Factor R-Square" -- The "1st Principal Component" -- Results -- Evidence from the "Multi-Factor R-Square" -- Evidence from the "1st Principal Component": Volosovych (2011) Meets Pukthuanthong and Roll (2009) -- Market Openness versus Financial Integration -- Some Robustness Checks -- Concluding Remarks -- Notes -- Acknowledgment -- References.

Part III: Monetary Policy and Credit in a Post-Crisis Setting -- Will Quantitative Easing Enhance or Drain the Availability of Funds to Financial Markets? -- Introduction -- Knife-Edge Hypotheses on Market Reference Rate -- Linkage between Hypotheses and Empirical Data -- Concluding Comments -- References -- Money Demand Causality for Ten Asian Countries: Evidence from Linear and Nonlinear Causality Tests -- Introduction -- Literature Review -- The Methodological Approach -- Linear Granger Causality -- Nonlinear Granger Causality: The Hiemstra-Jones Test -- Empirical Results -- Data -- Unit Root Tests -- Linear Granger Causality Results -- Hiemstra-Jones Nonlinear Causality Results -- Conclusions and Policy Implications -- References -- Product Market Competition and Inflation Persistence -- Introduction -- The Model and Methodology -- The Results -- Conclusion -- Notes -- Acknowledgment -- References -- Unlocking Credit -- Introduction -- Theory and Evidence on Collateral -- Access to Finance -- Collateral and Investment -- Collateral and Risk -- Borrowers' Attributes -- Collateral, Loan Characteristics, and Lending Relationship -- Collateral and Capital Market Development -- National Attributes and Collateral -- Institutions, Court Efficiency, and Collateral -- Power Information Theory of Credit and Collateral -- New Perspectives and Policy Recommendations -- Conclusion -- Notes -- References -- Part IV: Country Studies on Monetary Policy, Credit, and Financial Intermediaries -- Monetary Policy and Bank Liquidity in China -- Introduction -- The Road to Liquidity Crunch -- Historical Episodes -- The June 2013 Crisis -- Causes of the Liquidity Crunch -- Monetary Policy and PBOC in the Liquidity Crunch -- China's Banking Sector and Policies Since the 2008 Crisis -- PBOC Battle: Goals and Difficulties -- Concluding Remarks -- Notes -- Acknowledgement.

References -- Monetary Policy and Bank Credit Risk in Vietnam Pre and Post Global Financial Crisis -- Introduction -- Overview of Banking system in Vietnam Pre and Post 2008 Global Financial Crisis -- Model and Data -- Results and Discussions -- Conclusions -- Acknowledgment -- References -- Analysis of Factors Influencing and Controlling Excess Cash and Short-Term Bank Loans in Taiwan -- Introduction -- Literature and Hypotheses -- Cash Holdings and Short-Term Bank Loans -- Factors Influencing Excess Cash and Short-Term Bank Loans and Hypotheses -- Substitution between Excess Cash and Short-Term Bank Loans -- The Impact of Operating Performance on Excess Cash and Short-Term Bank Loans -- Impact of Dividend Payments on Excess Cash and Short-Term Bank Loans -- The Impact of Financial Leverage on Excess Cash and Short-Term Bank Loans -- Impact of Corporate Governance on Excess Cash and Short-Term Bank Loans -- Data and Variables -- Information Sources and Sample Selection -- Variable Definition -- Dependent Variables -- Explanatory Variables -- Descriptive Statistics and Variable Analysis -- Survey Results and Empirical Analysis -- Survey -- Logistic Regression Analysis -- Multivariate Regression Analysis -- Factors that Affect Excess Cash Holdings -- Factors that Affect the Utilization of Short-Term Bank Loans -- Robust Test -- Consistency between the Regression Analysis and Questionnaire Survey -- Conclusion -- References -- Bank Competition, Managerial Efficiency and the Interest Rate Pass-Through in India -- Introduction -- The Literature -- Methodology -- Empirical Analysis -- Sample and Variables -- Descriptive Statistics -- Results -- Conclusion -- Notes -- References -- Financial Architecture and Monetary Policy Transmission Mechanism in Kenya -- Introduction -- Stylized Facts -- Monetary Policy Regime -- Trends of Selected Financial Variables.

Methodology -- Discussion of Results -- Three-Variable SVAR and the Six-Variable SVAR -- IRFs for VAR with Financial Structure Variables -- Variance Decomposition: Transmission Channels -- Conclusions and Policy Observations -- Notes -- References -- Part V: Country Studies on Markets and Risk -- The Dim Sum Bond Market in Hong Kong -- Introduction -- Origins of the Dim Sum bond market -- Current Account Liberalization, Increasing Supply of Offshore Yuans and the Growth of the Dim Sum Bond Market -- The Sources of Future Growth in the Dim Sum Bond Market -- Flows of Offshore RMBs into the Mainland and the Role of the Quota System -- The RMB Market in Hong Kong vis-a-vis Local and Foreign Currency Bond Markets in Mainland China and Hong Kong: A Comparativ... -- Hong Kong's Role in the Development of the RMB Bond Market -- Conclusion -- Notes -- References -- Appendix: Chronology of Policy Measures Enacted to Develop the Dim Sum Bond Market -- Sentiment and Beta Herding in the Borsa Istanbul (BIST) -- Introduction -- Review of the Literature -- Methodology -- Data and Results -- Conclusions -- Notes -- References -- Testing for Rational Speculative Bubbles in the Brazilian Residential Real-Estate Market -- Introduction -- Methodology -- Brazilian Residential Real-Estate Market -- Empirical Results -- Conclusions -- Notes -- References -- Challenges in the Application of Extreme Value Theory in Emerging Markets: A Case Study of Pakistan -- Introduction -- Related Literature -- Data and Methodology -- Dynamics of Volatility and Conditional Mean -- EVT Models of Distribution Tails -- Choice of Threshold -- Estimation of Quantiles -- Back-Testing -- Empirical Results and Discussion -- Summary and Conclusions -- Notes -- References.